Show and use the rupee to 10 pay for wheat cotton rice and jute aud and fix the price of our wheat arid and cotton As there will le be many who will read this article who will not have an all opportunity to read my address in connection with it I 1 reproduce from it so much of it as shows how bow I 1 england en 0 land lias has done it A pound of cotton or a bushel of wheat of the lie same quality is of equal value to the english whether they lay it down from I 1 india or america suppose a manchester Matic bester cotton spinner wants some cotton for his mill and wheat for flour on which to feed his operatives ile ho writes to his london broker to buy bus hamay ounces of silver and anal to ship it to his broker at dombay bombay at 85 cents per ounce it costs him in gold he writes his broker in bombay on oil tho the arrival of the silver bullion to take it to the mint arid and have it coined into rupees and invest the product in cotton and ship shi p it to hiril him his bombay broker on the arrival of tile silver obeys instructions and after paying 2 per cent senior seni orage aoe for having it coined receives in rupees worth which he be invests in cotton arid and ships to manchester on its arrival counting 0 first cost of silver freights arcil glita brokerage insurance etc say it costs 10 cents per pound in gold to lay it down an american offers him bint cotton and if lie buys it from him ho he will have to pay for it in gold so he says 1 I 1 am laying my cotton down from india at a i cost of 10 cents per pound in gold and other things being equal I 1 would prefer to patronize our own colonies therefore if the american sells he be must offer the game came quality at a lower price or a better quality y at tile same price and the price at which the englishman can lay hh cotton down from india is what enables him to fix the price on our cotton we will assume for the present that if we had free coinage coina e of silver that an ounce of it would be worth arid and if f it was then ounces of it would cost in 0 gold old arid and when sent to bombay and coined into rupees rupee s and the 6 C was paid would only give ive worth in rupees the same as when the first cost was qa 8 and there being b no more rupees p acs it would pay for no more pounds of cotton or bushels of wheat what the freight insurance son iora borago 0 and brokerage being the same came in both cases the difference in the cost of the same amount of cotton would be the difference in the first cost of the silver 9 at 10 cents per pound would bu buy pounds of cotton but 85 pounds of cotton the cost of the silver to pay for which was wal 12 would make it cost laid down in gold 15 14 1 4 cents per pound and if wheat can be laid down from india at 1 per bushel when silver costs 85 cents per junec when it would cost 2929 per ounce wheat laid down from india would cost per bushel and if it cost 15 15 1 5 cents a pound and per bushel to lay cotton arid and wheat down from india then american cotton arid and wheat would certainly bo be worth 15 cents per pound arid and per bushel such was the mode under free coinage in in india now what will be tile the process with a ratio of 25 to I 1 established by the united states and the en english 0 lish t government government overn ment buying in 0 and coining silver into rupees and selling them at 34 cents each as is now proposed silver bullion will be worth not less than 80 cents per ounce T the h e government overn ment buys it at that arid and coins it into rupees and sells them for 00 cents making mal king 19 cents per ounce the purchaser who is tire the english 0 importer of wheat cottor rice jute mid and other articles article s from india takes them and pays for these exports to the amount of 1461 what costs liim him but 98 cents or makes 47 cents an ounce on all the t governments coins so that the only difference in this part of the plan is that the english importer has to divide the profit with the government the two make inake together what the importer made under tinder the olal old plan dan 1 but we ave will asce further on that lie is more than compensated for chislo this loss ss let us see lion how much of these thue principal articles great britain ain imports that this cheap silver enables her to fix tile the price of wheat barley oats maize 42 other grains wheat flower other flower cotton jute 16 oil seed cakes rice rice tea or that with silver is 80 cents per ounce sho she can 8 supply herself with these articles for two thirds of what she could buy them for if silver was worth per ounce a saving to her on t these b ese items of annually besides a depres depressing sing influence on oil I 1 man many other thines thinas she buys will some friend of gold inform me why Eri england gland does docs not lot put more silver into rupee if she wishes to increase value rather than ask the the united states to put more silver into the dollar why so FO much talk about tile the dishonest dollar arid and none about the dishonest rupee she does docs not want in an honest rupee b but tit I 1 cheap silver with which to mako make dishonest one but this is only a part of the infamous anious plan she is keeping hid bid the becom of Her Iler commission I 1 that a tariff be levied on the imports of silver by individuals into india until the united states establishes the ratio between gold tand nd silver and then the world will be treated to another surprise A tariff on the imports of silver by individuals in india when the chinese chine e and japan japanese ese merchants appear at the ports of india to 0 o buy cotton gools goods and yarns they hey will vill be met by a ta their silver which to pay would cost them more than the increased purchasing 0 power of their silver in india m imy iv be 11 greater than in eric england hence it will bo be again tt their interest to pay the tariff and buy kneir cotton goods and yarns in ill india and their trade will again return to great britain this will b bankrupt every cotton factory in india arid and build up the british cotton factories it will force orce india to export all of her cotton to be spun that she does docs riot not use for clothing her home people and every bale that is exported takes the place laco of a bale that america could supply that england is capable of this her past E history demonstrates read it in her legislation with reference to factories in the american colonies ireland aud and cotton looms in india with cheap silver to buy her raw materials mete rials from her india slaves and fix a price on our raw material that she uses and a tariff on silver to break up manufacturing n in india she is is mistiness mi of the world for the next hundred years to come unless wo we charge P our policy despite the inventive bentive e genius enius of our people and our immense natural resor resources ces the growth of cotton manufacturing fac turing 0 in india under tinder high 0 silver there demonstrates that with freo free coinage we could control 0 the commerce or of every silver using nation on the globe b lobe because they would buy where their money would go furthest and when we had bad developed tire business england could riot not levyn tariff an and d destroy s r iras she yr opuses to d do 0 n la let no one be foolish enough to think that the native inhabitants inhabitants of india are arc the movers in the suspension of coinage of silver at their mints would a people who had increased the amount of their exports more than GO 60 per cent in twenty years who produces 2 23 bales of cotton as against 0 bales twenty years ago 0 who exports bushels of wheat as against twenty years ago 0 who have 99 cotton mills as against eighteen twenty y years 0 ars ago who eap exp export ort pounds of cotton yarn as against nineteen years ago no people 6 growing 0 in that aitay itay way see the light of hope before them it is england and the office holding en englishman lis hinan in india who did the work first because their cotton factories are being C destroyed by the cotton factories in india and the second because their salaries are paid in rupees which were depreciated when u used sed iu in payment for the luxuries they imported now my countrymen if you deserve prosperity and liberty let every one of you rise and swear in theares the presence of tile living 0 god that there shall hall be no compromise with injustice and error let the word go alorth from mouth to mouth with the rapidity of an all electric shock that the political licad head of every con congressman 0 sinan shall come off who wa wavers vers or deserts the interests of his country iu in this her lour hour of need the panama scandal demonstrates that there are those abony among us who would betray tile interests interest s of their country for money all such should be tried and if convicted banished as unworthy of citizenship citi enship in a nation whose des tiny and mission is to ameliorate elevate arid and ennoble nian mankind kind remember L how england b bought ou glit the irish to pass the act dissolving the nation and to become a part of the united King kingdom doin remember t seyed with willi his in your own congress in 1873 securing the demo of silver and know the character of your foe arid and let no 9 guilty one escape the stakes are greater than have ever v e r be been e n played for between nations ta they I 1 ey are for tho commercial supremacy nacy of the earth if our country is to win there must bo be no free coinage of silver on the ratio of 16 to 1 or nothing 0 we will be giving them and rol rob bing ourselves of all less than that we ave accept besides hobbling liob bling 0 our selves in the race for supremacy in the alie future if you yon accept or of compromise and the present congress fails to enact a law 1117 that will enable us to tl uc c our resources anil and tile the products of our labor so as to receive tile the best price for them 1891 will see but one issue silver and woe ile 10 to the man or party that stands in the way of these results stand fast for justice and the policies that will give prosperity to your country information is as to the truth of the situation will rapidly spread anti and when the american people are informed on their interest arid and the objects of great britain they are arc as sure to come to your support as ag the sun shines the object of the 0 opposition p post is to rush the measure through congress before tile the people can understand the situation hence the pouring 43 enof in of telegrams r on oil tho the president froni from all over the country urging him to call a an 1 extra x session t I 1 believe that n none I one C oi of these were from the friends frien 13 of free coinage henry clews is reported to have said in a communication a few days since that unless con gress was soon convened and the Sher nian act repealed that our exports might increase and gol gold begin in to be imported import cd pd arid and then ihen nit nil or of the force of argument that it was driving gold from from the country be lost hence the policy is to convene conone v congress 6 as early as practical and rush the measure through under the panie panic of the moment do riot not understand me as bein being 0 in favor of the sherman act except as a means to force the adoption of free c coinage 0 for 1 believe there is as much difference between its effects on tho the prosperity of the country and those of free coinage as there is between a protea protracted doted drouth and refreshing c showers upon ve vegetation M elation the plan p lali of opposition will be to make a compromise and secure a ratio in which there is tho the largest possible difference between the abo ar value alue of silver and gold and I 1 regret to see that senator is ia reported 0 to be willing 0 to accept a ratio of 20 to 1 if we stand fast for 10 to 1 the vic victory will only be delayed to accept anything 0 less les is to commit suicide upon our own interests with coinage england in cannot hurt us but we ave can wrench from her for all time tho the commercial supremacy of the world in panic we may work lir I 1 town own destruction prosperity arid and freedom poverty and slavery are ard presented which will haild 11 sa s A I 1 J S DAUGHERTY dallas tex |